Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology and President-Designate for COP28 UAE, recently addressed India Energy Week in Bengaluru at the Asian Ministerial Energy Roundtable. During his speech, he talked about the importance of a pro-growth, pro-climate agenda for an inclusive energy transition that benefits everyone. He acknowledged India's strong recovery from the COVID-19 pandemic and its aim to add 500 GW of clean energy by 2030.
Dr. Al Jaber emphasized the challenge of embedding sustainable and environmentally friendly growth into the world's development model, especially considering that energy consumption is projected to increase by 30% by 2050. He highlighted the rise in investment in renewable energy and the UAE's commitment to partnering with India and the world in advancing clean energy. The UAE plans to increase its global renewable energy capacity to 100 GW by 2030.
Dr. Al Jaber underlined the need for policies that take into account the fact that many people, particularly in the global south, still lack access to energy. He emphasized the importance of an inclusive energy transition that eliminates energy poverty while mitigating climate change. He called for COP28 to be a COP of Action and a COP for All and stressed the need for everyone to work together to achieve this.
The President-Designate noted the complexity of the energy transition, which requires a system-wide rewiring of the global economy. He pointed out that renewable energy alone is not enough, particularly for hard to abate industries. He highlighted the need for investment in carbon capture, nuclear power, and the hydrogen value chain and emphasized the need to minimize the carbon footprint of the oil and gas industry.
Dr. Al Jaber stated that he will work with the energy industry and other industries to accelerate the decarbonization of the current energy system and the growth of clean energy alternatives. He stressed the need for every segment of society to be mobilized, including governments, businesses, scientists, academics, civil society, and youth. He invited all stakeholders who can contribute to join and collaborate to make faster progress through partnerships.
In conclusion, Dr. Al Jaber emphasized that climate and energy transition progress must be inclusive and deliver a fair deal to the Global South. He called for everyone to work together and pull in the same direction to achieve a sustainable future.